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Rail Vikas Nigam Limited will list soon at the stock exchange platform for trading in Secondary market. Investors can fetch all IPO related information like Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. The IPO is scheduled for Mar 29, 2019 with a price band of Rs. 17- Rs.19 per equity share. The lot size of applying the IPO is for 780 shares. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs.

Company profile:-

The company was incorporated  on January 24, 2003 in Delhi, India. The firm is handling the projects related to railway department on behalf of MoR. It works for rail project development, mobilization of financial resources and implementation of rail projects for better result and profits.

The company received total 179 projects by MoR since 2003 of which 174 projects are sanctioned for execution. The firm has already finished 72 projects amounting to Rs.205,672.80 million and remain focusing towards its ongoing projects. As on 31, 2018, It  has an order book of Rs.775,042.80 million consisting  102 ongoing projects. During the financial year ending March 31, 2018, the company has successfully completed a total of 885.50 rkm of project length which included 315.20 rkm of doubling and 425 rkm of railway electrification.

The firm is responsible to execute railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.

Positive Outlook of the Firm:-

  1. Manage efficiently it’s all ongoing project development and execution from conceptualisation to commissioning.
  2. Robust and good financial track record,
  3. Follow as asset light model to run various types of projects,
  4. Empowerment by MoR for sanctioning project estimates and award of contracts,
  5. Strong and smooth operating procedures further to take decision,
  6. Managed, qualified and experienced workforce and management team.

 

Objects Of The Issue:-

Below are the objects of the issue:-

  1. To carry out the disinvestment of 252,800,000 Equity Shares held by the Selling Shareholder in the Company, equivalent to 12.12% of the Company’s paid up Equity Share capital of the Company as part of the Net Offer, and 657,280 Equity Shares that have been reserved for Eligible Employees in the Employee Reservation Portion.
  2. To avail the advantages of listing the Equity Shares on the Stock Exchanges. The firm will not get any proceeds from the Offer and all such proceeds will go to the Selling Shareholder.

Summary Of Issue:

 

Issue Open:- Mar 29, 2019, Apr 3,2019
Issue Type  Book Built Issue IPO
Issue Size (Value) 253,457,280 Equity Shares of Rs. 10 (aggregating up to Rs. 481.57 Cr)
Face Value Rs. 10 Per Equity Share
Issue Price Rs. [17-19] Per Equity Share
Market lots  780 Shares
Minimum Order Quantity 780 Shares
Listing At BSE, NSE

(*) indicates to be updated

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Rail Vikas Nigam Limited IPO Subscription Details

Category No.of shares offered/reserved No. of shares bid for No. of times of total meant for the category
Qualified Institutional Buyers (QIBs)
Non Institutional Investors
Retail Individual Investors(RIIs)
Employees
Total

 


 

Important dates for Rail Vikas Nigam Limited Allotment Status

Rail Vikas Nigam Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced. Important Tantatives dates for RVNL Limited IPO are:

  • The Allotment date for RVNL Limited IPO issue is expected on Apr 8,2019.
  • The amount will get unblocked on Apr 9, 2019.
  • The Shares are expected to credit in DP accounts on Apr 9, 2019.
  • The Shares of RVNL Limited  is likely to get listed on Apr 10,2019 . on both BSE and NSE.

 


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Check Rail Vikas Nigam Limited IPO Allotment Status

RVNL Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. To Check RVNL Limited  IPO Allotment Status
  2. Go to Application Status
  3. Select IPO as Rail Vikas Nigam Limited 
  4. Enter your PAN Number or Application Id or DP Client Id.

 

It takes little time to fetch information so you need to be little patient.

Download “Rail Vikas Nigam Limited” IPO Application Form

From BSE: click here

 


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Promoters Of The Company:-

The president of India, acting through the ministry of Railways, Government Of India

Financials:- 

Financials:- (Restated Consolidated Financial Record)

 

Particulars For the year/Period ended (Rs. in Millions)    
Financial Year 30-Sep-18 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15
Total Equity & Liabilities 87,324.10 85,685.46 88,595.72 222,156.75 161,353.72
Total Revenue 37,704.03 78,222.90 61,628.77 47,202.93 32,697.82
Total Expenses 34,846.49 72,580.62 56,737.89 35,017.40 30,213.39
Profit After Tax (PAT) 2,536.20 5,699.20 4,434.62 4,294.34 3,368.49

1) Axis Capital Limited 1st Floor,

Lead Manager Details:-

1) YES SECURITIES (INDIA) LIMITED
Address: IFC Tower 1 & 2,
Unit no. 602 A, 6th Floor,
Senapati Bapat Marg, Elphinstone Road,
Mumbai- 400 013, India
Telephone: +91 22 3012 6919
Facsimile: +91 22 2421 4508
Email: rvnlipo@yessecuritiesltd.in
Website: www.yesinvest.in
Investor Grievance ID: igc@yessecuritiesltd.in
Contact Person: Mukesh Garg/ Pratik Pednekar
SEBI Registration Number: INM000012227

2) Elara Capital (India) Private Limited

Address: Indiabulls Finance Centre,
Tower 3, 21st Floor, Senapati Bapat Marg,
Elphinstone Road West,
Mumbai – 400 013, India
Telephone: +91 22 6164 8599
Facsimile: +91 22 6164 8589
Email: rvnl.ipo@elaracapital.com
Website: www.elaracapital.com
Investor Grievance ID: mb.investorgrievances@elaracapital.com
Contact Person: Kunal Safari
SEBI Registration Number: INM000011104

3) IDBI CAPITAL MARKETS & SECURITIES LIMITED

Address: 6 th Floor, IDBI Tower,
WTC Complex, Cuffe Parade,
Mumbai – 400 005, India
Telephone: +91 22 2217 1700
Facsimile: +91 22 2215 1787
Email: rvnl.ipo@idbicapital.com
Website: www.idbicapital.com
Investor Grievance ID: redressal@idbicapital.com
Contact Person: Astha Daga
SEBI Registration Number: INM000010866

Registrar To The Issue:-

ALANKIT ASSIGNMENTS LIMITED
Address: 205-208, Anarkali Complex,
Jhandewalan Extension,
New Delhi – 110055, India
Telephone: +91 11 4254 1954/+91 22 4348 1293
Facsimile: +91 11 2355 2001
Email: sarunraj@alankit.com/kamalarora@alankit.com
Website: www.alankit.com
Investor Grievance ID: rvnigr@alankit.com
Contact Person: S Arunraj/ Kamal Arora/ Virender Sharma
SEBI Registration Number: INR000002532

Registered Office Details:-

Rail Vikas Nigam Limited, 1 st floor,
August Kranti Bhawan,
Bhikaji Cama Place, R. K. Puram,
New Delhi 110 066.
ontact Person: Kalpana Dubey, Company Secretary and Compliance Officer;
Telephone: +91 11 2673 8299
Facsimile: +91 11 2618 2957
E-mail: investors@rvnl.org
ebsite: www.rvnl.org
Corporate Identification Number: U74999DL2003GOI118633

For More Details Contact us 011-42445800 / 9650901058

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